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11th March 2010
Technology investor Battery Ventures has closed its ninth fund, BV IX, on its $750m target. This brings total committed capital in Battery’s nine funds to nearly $4bn.
9th March 2010
The China-Israel fund Infinity I-China has established six joint venture private equity funds throughout China to support domestic technology firms as part of its ten-year plan for the region.
9th March 2010
The Asian Development Bank (ADB) is in the early stages of evaluating the potential of a clean technology-focused venture capital fund, a spokesperson told NewNet.
8th March 2010
US private equity firm US Renewables Group (USRG) has formed Westerly Wind to provide development capital to wind developers.
3rd March 2010
Spring Capital Asia, a private equity firm investing exclusively in China and Hong Kong, has held a second closing of its debut fund on $184m and tied up an investment in Qingdao Wuxiao Group, a wind and electricity tower manufacturer based in the Shandong Province of mainland China.
26th February 2010
Hong Kong-based China Everbright has established a RMB3bn ($439m) fund to invest in new energy projects, resources and affiliated enterprises.
23rd February 2010
The Founders Club, a group of venture capital-backed CEOs and founders, is looking to recruit a cleantech chairman ahead of launching a dedicated portfolio, founder and general partner Andrew Romans told NewNet.
22nd February 2010
Government-owned investment company Finnish Industry Investment has made a €10m commitment to DFJ Esprit Capital’s new European cross stage fund that will target the clean energy sector.
22nd February 2010
The UK government has selected the European Investment Fund (EIF) to manage a £200m technology fund of funds to support start-ups and fast growing businesses fundamental to the country’s economy.
22nd February 2010
Cashing-in on government incentives and new feed-in tariffs (FITs) will be a strong focus of investment company Low Carbon Accelerator (LCA) in 2010 with a new investment due to be announced in coming days, Andrew Affleck, chairman of investment manager Low Carbon Investors, said.
22nd February 2010
AIM-listed investment company Low Carbon Accelerator (LCA) has recorded net asset value growth for the second consecutive quarter to finish November 2009 at £43.28m.
19th February 2010
Carbon credits group Trading Emissions has called off its merger with alternative fuel investor Leaf Clean Energy Company after failing to get the required approval of the deal from 75 per cent of its shareholders.
18th February 2010
Canadian income fund Brookfield Renewable Power Fund said it will issue seven million shares, priced at CAN$25 ($23.9) each, to a syndicate of Canadian underwriters.
18th February 2010
The Asian Development Bank (ADB) said it is looking to raise a minimum of $100m more in venture capital to invest in advanced renewable energy firms, according to reports.
ADB regional and sustainable development department adviser Jun Tian told Bloomberg that a task force has been established to design the fund before management approval is sought.
‘ADB’s [...]
17th February 2010
Canadian venture capital firm Chrysalix Energy said its latest clean technology fund has increased to more than $100m with an investment by Oregon Investment Fund, an affiliate of Credit Suisse.
16th February 2010
Technology investment firm Northzone Ventures has announced the first close of €90m ($123) of a new venture capital fund, Northzone VI.
28th January 2010
Private equity firm BTS Investment Advisors is to launch a $150m India-focused investment fund, according to reports.
27th January 2010
UK-based alternative asset manager Foresight Group has launched a £20m new venture capital trust share class offer through its planned exit venture capital trust fund, providing private investors with a tax efficient opportunity to target unquoted companies predominantly in the environmental infrastructure sector.
26th January 2010
The UK Innovation Investment Fund is off the ground with the first closing of the £125m Hermes Private Equity environmental innovation fund. The fund of funds will continue to seek further funding from investors.
14th January 2010
Industrial groups Alstom and Schneider Electric have launched a venture capital fund targeting technologies in the energy and environment sectors.
18th December 2009
French cleantech-focused private equity firm Demeter Partners has announced the final close of its Demeter 2 fund on €203m. Launched in November 2008 and achieving a first close at €125m, the final amount of capital raised exceeded the firm’s target of €200m.
16th December 2009
London-based asset manager Earth Capital Partners (ECP) has held a first close on its renewable energy infrastructure fund, ECP Renewable Energy Fund One, which is targeting up to €750m of investment.
16th December 2009
Asset management firm Titanium Asset Management and environmental investment manager Impax Asset Management Group have launched two new funds, the Impax Green Markets Fund, and the Titanium Impax International Green Fund. Both funds will invest globally in quoted companies that, according to Titanium and Impax, ‘provide cleaner or more efficient delivery of services in the alternative energy, water and waste sectors’. The funds will be distributed to US institutional investors.
11th December 2009
Osmosis Investment Management has launched Osmosis Climate Solutions ETF. The exchange traded fund will give investors access to a range of global companies whose primary business is to create technologies, products and solutions that target a low carbon economy.
11th December 2009
UK’s development finance institution CDC Group has today committed €10m to an investment fund that will back renewable energy projects in India and other developing countries in Asia.
10th December 2009
The UK government has announced the appointment of Hermes Private Equity and the European Investment Fund (EIF) as fund-of-fund managers for the UK Innovation Investment Fund (UKIIF).
9th December 2009
Fourteen senior venture capitalists have joined forces to establish The Founders Club, which has launched the Technology & Cleantech fund, the first reverse venture capital fund to enable CEOs and founders to use their shares and stock options to become limited partner investors.
4th December 2009
Clean energy private equity firm Hudson Clean Energy Partners has closed its debut fund, Hudson Clean Energy Partners, with commitments exceeding its $1bn target.
3rd December 2009
The third World Bank green bond issue has raised $130m to support projects in client countries that meet specific criteria for low carbon development. Among the investors who invested in the bond were the California State Teachers’ Retirement System, Swedish life insurance provider SEB Trygg Liv, and Swedish national pension funds AP2 and AP3.
27th November 2009
Private equity firm Middle East & Asia Capital Partners has raised its MAP clean energy fund target from $400m to $500m to accommodate a sharia-compliant investment vehicle, according to reports.
23rd November 2009
Alternative asset manager Foresight Group has launched the Foresight Environmental Enterprise Investment Scheme (EIS) fund and a top-up offer of new shares in selected Foresight venture capital trusts (VCTs) for private investors to invest in the UK environmental sector.
19th November 2009
UK fund manager Acuity Capital Management is to launch a £100m (€112m) fund targeting environmental infrastructure projects with an emphasis on organic waste recycling in the UK. Fundraising will begin next week.
The firm aims to invest in eight to 12 sites, with each site backed by a minimum ten year contract with a local authority [...]
12th November 2009
US private investment firm Meidlinger Partners has held a first closing on its latest investment vehicle, Meidlinger Partners Sustainable Investments.
3rd November 2009
Tiger Infrastructure Partners, a new US infrastructure private equity firm, has launched to take advantage of private mid-market opportunities in North America and Europe in the energy, power, water, waste, transportation and communications sectors.
2nd November 2009
Environmental investment firm Impax Asset Management has been tasked with managing an additional £15m of funds for the pension fund of the Environment Agency, a Welsh state body focused on environmental protection and sustainable development. The £15m follows £35m of global equities that the Environment Agency Pension Fund had selected Impax to manage in 2008.
30th October 2009
Boston-based private equity firm Global Energy Investors has formed to target investments in renewable energy power generation projects.
26th October 2009
A group of founding investors announced the formation of NewWorld Capital Group, a private equity firm based in New York. The fund will invest in mid-market companies and related infrastructure projects in the clean energy industry in the US and selectively in Europe.
22nd October 2009
The European Bank for Reconstruction and Development (EBRD) is considering establishing a €50m Ukraine Renewable Energy Direct Lending Facility which would provide the Bank with an instrument to extend debt financing for renewable energy projects in Ukraine.
8th October 2009
US private equity saw 72 funds raising $25.2bn in the third quarter, a 70 per cent decline from the same period last year. Through the first nine months of 2009, 265 private equity funds raised $79.9bn, down 59 per cent from the $195bn raised by 315 funds at the same time last year, according to new analysis by Dow Jones.
8th October 2009
Private equity firm Ambienta has closed its Ambienta I fund on €217.5m. The firm said it was Europe’s largest private equity fund specialising in environmental investments. The fund had an initial target of €250m.
30th September 2009
SolarCity and US Bancorp Community Development Corporation (USBCDC) have doubled the size of their fund to finance solar projects. The fund, originally announced in June, will be expanded to finance $100m in solar projects in 2009. The partnership backs SolarCity’s solar leases and power purchase agreements (PPA), financing options that can allow homeowners and businesses to put no money down on solar systems and save money from day one on electricity costs.
29th September 2009
The UK Government has launched a new £20m government-backed venture capital support fund for clean energy technologies.
28th September 2009
The UK Government has launched a £10m fund to award the best low carbon community projects as part of the Low Carbon Communities Challenge.
25th September 2009
New Mexico, Governor Bill Richardson has launched a raft of federal stimulus funds worth $10m for the development of photovoltaic (PV) or solar electric systems in public schools across the South-western US state.
Education Secretary Veronica C García, Energy, Minerals and Natural Resources Secretary Joanna Prukop and former Governor Toney Anaya joined Governor Richardson for the [...]
25th September 2009
US solar energy services provider, SunEdison, received its first grant in lieu of investment tax credit under Section 1603 of the American Recovery and Reinvestment Act.
Following the award notification by the Department of Treasury, Treasury Secretary Tim Geithner and Energy Secretary Steven Chu invited Carlos Domenech, COO of SunEdison, to participate in a White House [...]
18th September 2009
California-based venture capital firm Westly Group has closed its inaugural fund on $120m, according to reports.
9th September 2009
The Asian Development Bank is set to ramp up its spending on pollution-reduction projects in Asia, according to reports.
7th September 2009
Impax Asset Management, a London-based investment manager focused on the environmental sector is to launch Impax Asian Environmental Markets on the Main Market of the London Stock Exchange.
4th September 2009
Power management company Glacier Bay has received a $10m investment to develop their intelligent power management technology.The investment came from US venture investor Westly Group with participation from New Enterprise Associates (NEA) and Quercus Trust.
3rd September 2009
Dutch asset manager Robeco aims to raise 4bn Yuan ($585m) in China for a private equity fund that will focus on sustainable investments it has been reported.
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For more on the Summit go to: www.NewNetInvestorSummit.com
